Enviva completes $250 million equity raise to finance expansion and reduces net debt after bankruptcy exit.
Bankruptcy
German Ziegler Holding GmbH, parent of the Ziegler Group, declares insolvency with debts of Euro 326 million and 3,000 employees affected across three countries.
Albany International Corp. announces plans to consolidate manufacturing capacity.
The Vancouver site produces process and functional chemicals for the Pulp & Paper segment. The planned consolidation is expected to impact approximately five employees.
A court hearing scheduled for November 13 will determine the final steps in the bankruptcy process.
Fedrigoni's decision comes after two years of unsuccessfully searching for partners willing to invest in Giano to relaunch its competitiveness and goes in the direction of allowing the Group to focus investments and resources on the segment of specialty papers for packaging and creative communication, including art and...
The company’s sales of wood pellets increased by 14%.
The closure will impact directly on 75 people at the mill.
The Board has decided that it is in the best interests of Accsys and its shareholders to discontinue the Tricoya plant.
The company is working to exit bankruptcy with a plan that would leave shareholders holding just 5% of the restructured company.
This decision affects 500 employees and eliminates 670 million board feet of annual production.